HYDERABAD: With the Telangana government initiating the 100% takeover of L&T Metro Rail (Hyderabad) Limited (L&TMRHL), it has issued orders nominating senior officials to the company’s Board and approving share allotment to nominee directors and shareholders post-acquisition.
Chief Secretary K Ramakrishna Rao has been appointed Chairman.
The orders were issued based on proposals submitted by Hyderabad Metro Rail Limited (HMRL) for the nomination of directors to the Board of L&TMRHL following the acquisition and for allotment of shares to nominee shareholders.
HMRL Managing Director Sarfaraz Ahmad has been appointed Managing Director, while Joint Managing Director Shivendra Pratap will serve as JMD.
The other directors include MAUD Special Chief Secretary Jayesh Ranjan; Special Chief Secretary (Transport, Roads & Buildings) Vikas Raj; Principal Finance Secretary Sandeep Kumar Sultania; Director General of Police B Shivadhar Reddy; HMDA Metropolitan Commissioner Sarfaraz Ahmad; HMWSSB Managing Director K Ashok Reddy; and TGSPDCL Chairman and Managing Director Jitesh V Patil.
The government also approved allotment of shares post-acquisition to nominee directors, including K Ramakrishna Rao, Sarfaraz Ahmad, Jayesh Ranjan, Vikas Raj, Sandeep Kumar Sultania and Shivendra Pratap, along with the Government of Telangana. The remaining shares will be held by Hyderabad Metro Rail Limited.